New Law Brings Great Relief for Californians
BY Admin | March 1, 2021 After years of having homestead laws that were supposed to protect the homeowner, the state of California has finally decided to play the game with the right game piece. State homestead exemptions give protection, up to a certain dollar amount, to a debtor, to protect a home and its equity from seizure by a judgment…
What Tax-Free Investments Are Available To Me?
BY Admin | January 17, 2023Making the right investments can be a powerful method of growing your savings over time. While you are required by law to pay taxes on your investment gains, there are many tax-free investment options available to you. Choosing the right investment, however, depends on your individual goals, values, and finances. While building your financial portfolio,…
What Are The Income Tax Brackets For 2022 vs. 2021
BY Admin | January 15, 2023A tax bracket is a range of incomes subject to a specific income tax rate. They are part of a progressive tax system that increases with income. However, tax brackets are adjusted every year to adjust to inflation. That means you could end up in a different tax bracket than you were in before, which also…
What Are The Benefits Of Tax Planning For Small Businesses?
BY Admin | January 12, 2023As the owner of a small business, it is crucial to position yourself for success by understanding the taxes you will be liable for. Seeking early taxation advice at the beginning stages of your company’s development is crucial for avoiding mistakes that could have a lasting impact on your business. In this blog post, we’ll…
Trader Tax Status: Definition & How To Qualify
BY Admin | January 10, 2023Trader Tax Status (TTS) is a highly sought-after qualification by most day traders. It imparts many financial benefits, such as the ability to write off losses, employee benefit deductions for retirement plans, and business expenses. However, TTS cannot be elected by any individual trader or tax professional. The Internal Revenue Service (IRS) will have to…
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